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Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Retail space
7484 Broadway Ave Tyler, TX 75703-5173
Individually Owned
2-yr Hold
Free & Clear
Property ID
US82-5382567
Property summary
AI-generated overview
Midway Plaza, a Class B retail center in Tyler, Texas, offers a prime storefront opportunity. This single-story, 12,575 square foot building, constructed in 2010, boasts six suites, with one vacant space totaling 2,060 square feet. Located at 7484 S Broadway Ave, zip code 75703, in Smith County, this multi-tenant property enjoys a high-traffic, high-visibility location. The building benefits from 300 feet of frontage along South Broadway Avenue, placing it within Tyler's busiest retail corridor. This convenient location provides easy access to over 50 dining, grocery, and retail establishments within a three-mile radius. The property is categorized as Retail and Restaurant, specifically a storefront tenancy. This presents a unique chance to establish or expand a business in a thriving commercial area. The property's strategic placement ensures significant exposure to a large customer base. This exceptional opportunity is ideal for businesses seeking high visibility and convenient access to a dense concentration of retail activity.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2010
Total area
12,690 SF
Lot
1.54 ac (67,257 SF)
APN
1-50000-1450-01-002000
UPID
US82-5382567
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Professionals Air Duct LLC HVAC Service General Contractor
-
Mama's Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$545k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$890k
Blend (final)
Blend
$715k
Owner & transaction history
Genecov Dmlt Ltd · 2 yrs held
Genecov Dmlt Ltd
since 2024
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.2M
+45.0%
Auto repair, garage
$1.1M
+34.6%
Office building
$1.1M
+31.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Tyler submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tyler submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$545,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$815,000
Current use
RESTAURANT
$1,180,000
Change: +45% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,095,000
Change: +35% · Conversion: Difficult
OFFICE BUILDING
$1,065,000
Change: +31% · Conversion: Easy
WAREHOUSE, STORAGE
$730,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$715k
Range $644k – $787k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$56 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$29,114
Tax year 2023
Assessed value
$1,670,151
Assessed 2023
Previous assessed
$1,670,151
+0.0% YoY
Effective rate
1.74%
On assessed value
Assessed land
$706,378
Assessed improvement
$963,773
Land market value
$706,378
Improvement market value
$963,773
Total market value
$1,670,151
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2010
Heating
NONE
Buildings
3
Total area
12,690 SF
Lot
1.54 ac (67,257 SF)
APN
1-50000-1450-01-002000
UPID
US82-5382567
Jurisdiction
SMITH
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$815,000
RESTAURANT
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$730,000
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2010
Heating
NONE
Buildings
3
Lot
1.54 ac
Current owner
From public records · entity-resolved
Genecov Dmlt Ltd
Individual
Free & Clear · 2 yrs held
Mailing address
1350 DOMINION PLZ, TYLER, TX 75703-1012
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2024
—
Genecov Dmlt Ltd
Tyler Real Estate Investments LLC
Special Warranty Deed
—
Oct 8, 2007
—
Roosth,steven C Tr
Owner Name Unavailable
Grant Deed
related
—
—
—
East Texas Yogurt INC
—
Deed Of Trust
related
$975,000 · American State Bank
—
—
Roosth Steven C Tr
—
Deed Of Trust
related
$1,200,000 · Southside Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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